News
News
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Renewables Obligation report unveils non-compliant supplier
Ofgem has published the latest Renewables Obligation (RO) annual report. According to the latest data, 108.3 million Renewables Obligation Certificates (ROCs) were issued, a slight increase from the previous year. In terms of compliance, licensed electricity suppliers presented 107.7 million ROCs in scheme year 21 (SY21 – 1st April 2022 to 31st March 2023), covering 88.4% […]
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Thames Water chief calls for 40% bill increase
The Chief Executive Officer of Thames Water has told the BBC that customer bills must increase by 40% by 2030 to fund essential improvements in infrastructure. This necessity arises as the company faces financial pressure, with investors unwilling to inject further funds without bill hikes. However, regulatory approval for significant price increases remains uncertain, as […]
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UK hits halfway mark on journey to net zero
The UK has reached a milestone in its journey toward achieving net zero emissions, with recent data showing a 53% reduction in greenhouse gas emissions between 1990 and 2023. This marks the country’s halfway point in its commitment to net zero emissions. Reductions were seen in sectors such as electricity supply and residential areas, reflecting […]
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High fuel margins spark CMA concerns
The Competition and Markets Authority (CMA) has expressed concerns about rising fuel margins, suggesting possible competition challenges in the road fuel retail sector. The report indicates a continuous increase in fuel margins, suggesting reduced competitive pressure in the industry. While fuel prices have fluctuated, the CMA stresses the importance of transparency and real time pricing […]
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UK energy debt remains despite price cap reduction
Fuel poverty charity National Energy Action reports that despite a £238 annual drop in the price cap for typical households starting in April, 2.3 million households are paying more due to energy debt. With the cessation of cost of living payments for those on means-tested benefits in April, 6 million UK households are projected to […]
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Consumers urged to check energy meters this weekend
Financial expert Martin Lewis has emphasised the importance of taking energy meter readings amidst impending changes in energy pricing. As the energy price cap is set to decrease by 12.3% on Monday, households in England, Scotland and Wales could see significant reductions in gas and electricity bills. Mr Lewis has advised consumers to submit meter […]
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Energy Bills Discount Scheme ends, small businesses face uncertainty
On 31st March, the Energy Bills Discount Scheme will conclude, impacting small businesses across the UK. Established to ease financial strain from rising energy costs, its closure leaves many SMEs uncertain about future expenses. Research by Simply Business found a quarter of SMEs experienced significant energy cost increases, compounding economic challenges. The lack of a […]
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We need to uncomplicate recycling for the consumer, says plastic expert
We need a uniform rubbish collection system so there’s no confusion. This is what Adela Putinelu, Head of Policy and Sustainability at Plastic Energy, said in this week’s Net Hero Podcast. ‘It’s really confusing for the consumers and that is the first thing that we need to think about and change. ‘Because in reality, consumers […]
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Raw sewage spills double in England’s waters
Sewage spills into England‘s rivers and seas more than doubled last year, with 3.6 million hours of spills reported compared to 1.75 million hours in 2022, according to the Environment Agency. This data, collected from 14,318 storm overflows, marks a 54% increase compared to 2022 and a 13% rise compared to 2020. The uptick in […]
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Ofgem greenlights £3.4bn for Scotland-Yorkshire electricity superhighway
A proposed £3.4 billion funding package has been announced for the Eastern Green Link 2 (EGL2), a 500-kilometre electricity superhighway connecting Scotland and Yorkshire. The project, expected to power around two million homes, involves a subsea and underground cable link between Peterhead in Aberdeenshire and Drax in North Yorkshire. EGL2, designed to harness Britain’s offshore […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas